Amid the hand-wringing about the price of an Olympic medal, our experts crunched the numbers on the cost of success in the arts. And at A$8 million per international award, it turns out that elite culture is a lot better value than sport.

The living room TV isn’t the only way to watch the Olympics these days.
Seven West MediaAugust 18, 2016

Imagine cities competed to eliminate hunger, poverty, unemployment, crime and greenhouse emissions, and to offer housing and transport for all. Don't scoff – urban planning was once an Olympic event.

A TV cameraman shoots a Madame Tussauds Museum figure of US Olympic gold medal swimmer Michael Phelps at Banneker Pool in Washington, to coincide with the opening of the Rio Olympics on August 5.
Gary Cameron/ReutersAugust 9, 2016